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it will hurt our economy. that's why it's not the right approach. >> reporter: but there are other high-end, small-business owners who do not think a tax hike of aound 3% will make much difference. >> this is a french roast-- >> joe ragan, who sells roasted coffee and supplies to thousands of offices around washington says he will add or subtract to his workforce, based on sales, not on taxes. if your taxes were to go up as the president suggests, would that make any difference in the number of people you hire? >> no. now, look-- and i'm not-- i don't want to take a position here that says i'm not affected by this. i certainly am. but i'm affected by the opportunities that are presented to me. not by the fact that i'm going to make 3% less on that opportunity. >> reporter: in the fiscal cliff negotiations, republicans still argue that higher taxes will hurt small business jobs. but, scott, democrats up here argue that this debate is over. that raising taxes on the wealthiest americans of all kinds was decisive
it will hurt our economy. that's why it's not the right approach. >> reporter: but there are other high-end, small-business owners who do not think a tax hike of aound 3% will make much difference. >> this is a french roast-- >> joe ragan, who sells roasted coffee and supplies to thousands of offices around washington says he will add or subtract to his workforce, based on sales, not on taxes. if your taxes were to go up as the president suggests, would that make any...
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Nov 30, 2012
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it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
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Nov 30, 2012
11/12
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we just have to get this economy as you said repeatedly, back in balance and that's probably the best place to start. >> jennifer: totally agree. totally agree. so we are on the same page. so let's get to the specifics. what would you suggest in terms of specific policies? give me a couple of examples of policies that you think would had he been bring manufacturing back? >> well, the gating policy, governor is to have a manufacturing policy. every one of the g20 minus only ourselves has very specific policies that they call industrial policy, manufacturing policy, and for a variety of political reasons not very good reasons, we don't have such. but we have to get moving quickly as the president has said in the post election period. and probably the best thing that we could do right now governor, is a national infrastructure bank in your home state and every other state of the union we know that we have a very deteriorated infrastructure base, that's probably the most intimate thing that we could do to reenergize manufacturing. the second thing is buy domestic, buy american, not anymor
we just have to get this economy as you said repeatedly, back in balance and that's probably the best place to start. >> jennifer: totally agree. totally agree. so we are on the same page. so let's get to the specifics. what would you suggest in terms of specific policies? give me a couple of examples of policies that you think would had he been bring manufacturing back? >> well, the gating policy, governor is to have a manufacturing policy. every one of the g20 minus only ourselves...
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Nov 30, 2012
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. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill. >> reporter: the white house called the proposal an opening bid, republicans called it a joke. now republicans have not yet put any comparable plan on the table. they seem willing to accept half t
. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some...
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Nov 30, 2012
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we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long time and had many high-profile negotiation that is you've ended successfully. can you be candid here about where we are right now. the past 24 hours is this the necessary public posturing that needs to go on to get an ending, or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground, but when i come out the day after the election, and make it clear that republicans will put revenue on the table, i took a great risk, and then the white house spends three weeks trying to develop a prepolicy and they send one up here that call
we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together and to resolve this. frankly, sooner is better than later. >> you've been doing this for a long time and had many high-profile negotiation that is you've ended successfully. can you be candid here about where we are right now. the past 24 hours is this the necessary public posturing that needs to go on to get an ending, or is there a serious stalemate...
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Nov 30, 2012
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that would be bad for the economy. we both think, i believe, i hope, that we need to have a balanced agreement so we will not go over the cliff that would be bat for -- bad for the country, bad for the american people, we don't want to do that. the gentleman in my view doesn't not want to do that. put one way to give some confidence which is very important to the growth of the economy, is to assure, as tom cole, your former chairman of the republican campaign committee, said just the other day, and i believe you're -- in i believe your web meeting that he believes that this ought to be done. we ought to give the 98% assurances. we can debate and the prevailing side will win. but i don't think there's disagreement on the 98%. i think we agree on that as i said before the election and i said after the election, we need to move forward on that. that's something that i think -- on which you and i can agree, the democrats and republicans in this house can agree, that the senate an agree to. there was a bipartisan vote to le
that would be bad for the economy. we both think, i believe, i hope, that we need to have a balanced agreement so we will not go over the cliff that would be bat for -- bad for the country, bad for the american people, we don't want to do that. the gentleman in my view doesn't not want to do that. put one way to give some confidence which is very important to the growth of the economy, is to assure, as tom cole, your former chairman of the republican campaign committee, said just the other day,...
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Nov 30, 2012
11/12
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people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were understandably frightened and now as the health care law is being carried out they recognize that this is a very consumer friendly law. and so that has changed. the issues in this past election the proper role of government, and i was running against the tea partier who wanted to shut down so much of government functions and people recognize that they really do want to have good government. but they do want efficient government and they want to make sure they're watching out for their tax dollars. they do want medicare, social security. they want those programs. they just want us to be fi
people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were...
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Nov 30, 2012
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economy to its knees. this chart, mr. speaker, shows the bottom income earners. there on the end is the top 1%, mr. speaker. who benefits from loopholes in the tax code? i'm flat tax guy. i mean the national retail sales tax. it's call the fair tax that deals with a payroll tax, inequities, on and on, it turns our tax code on its head and puts our economy on hyperdrive. it's so popularly co-sponsored tax plan in this united states house of representatives. i hope we're going to get a vote on it next year. mr. speaker, what it does is eliminates all the deductions and exemptions, all the special lobbyist included benefits, all the special benefits whoever is favored by an administration in order ocreate one flat and fair system for the country. now if you make more money of course you pay more in taxes. you have less money you pay less. but the president is committed, and we heard it again today, to raising tax rates on family-owned businesses. . not ensuring they pay more taxes, mind you, important distinc
economy to its knees. this chart, mr. speaker, shows the bottom income earners. there on the end is the top 1%, mr. speaker. who benefits from loopholes in the tax code? i'm flat tax guy. i mean the national retail sales tax. it's call the fair tax that deals with a payroll tax, inequities, on and on, it turns our tax code on its head and puts our economy on hyperdrive. it's so popularly co-sponsored tax plan in this united states house of representatives. i hope we're going to get a vote on it...
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the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know how they let him in. host: before we go back to yesterday, what do you think of the proposal today? >> caller: well, you don't know what they do behind closed doors. what they put out to the public is one thing and from both parties. they both have a little spin here and there. politicians to me, ha, i could tell you a story that happened when i was a kid in the 1950's. i'm originally from new york and some woman asked a politics who was running, why should i vote for you? and he said outright, because time biggest crook in this neighborhood and that guy was always voted i
the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know...
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Nov 30, 2012
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he obviously doesn't understand the economy. you go back over his statements over the last two or three years, i don't want to have my life depend upon his decisions. >> stephanie: that's for sure. >> caller: because he has made very poor ones. i don't believe i'll repeat it, sorry to repeat it, but boehner is the key to solving this problem. >> stephanie: i agree with you. representative, i don't often say this to a first time guest but i think you're one of my new favorites. >> well, stephanie, i do watch you when i'm back in jersey. and i saw you at the convention a little bit but you were tied up and busy. i like the guys you work with because they're down to earth boots on the ground. that's the kind of guy i am. >> we would love to have you back congressman. >> stephanie: awesome to talk to you. talk to you again real soon. representative pascrell from the state of new jersey. >> people are jerks. >> stephanie: he was wrong about you two. >> i'm boots on the ground. salt of the earth. >> look, boots on the ground. >> steph
he obviously doesn't understand the economy. you go back over his statements over the last two or three years, i don't want to have my life depend upon his decisions. >> stephanie: that's for sure. >> caller: because he has made very poor ones. i don't believe i'll repeat it, sorry to repeat it, but boehner is the key to solving this problem. >> stephanie: i agree with you. representative, i don't often say this to a first time guest but i think you're one of my new favorites....
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Nov 30, 2012
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standing in the world but, also for the entire global economy. clinton spoke with the brookins institute yesterday and said while europe does need to fix its own props, much of the -- problems, much of the burden is on washington to build stronger foundationsats home. house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the bush tax cuts for everyone except the top 2%. now, that's of course a pretty big gamble but since many republicans are calling for the same and back away from norquist's pledge, the democrats do feel like they have some pretty big leverage. that deal would just solve part of the problem and put much of the negotiations off until next year. we'll be right back. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden
standing in the world but, also for the entire global economy. clinton spoke with the brookins institute yesterday and said while europe does need to fix its own props, much of the -- problems, much of the burden is on washington to build stronger foundationsats home. house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the...
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Nov 30, 2012
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was pumping additional revenue into the economy. california is taking a gamble on power of all they're trying to bring the popular lottery to california. when the jackpot recently it nearly reached $600 million. tickets will start being sold in the month of april. and a former raiders' first-round pick is staying away from practice. following orders, we will be back. >> good evening, everybody it was time for alex smith. his feelings are officially being a backup. >> it so,,sucks i knew it was a possibility we have such a great team. you state your case i feel like i have done that. and i feel like the only thing i've done to lose my job is get a concussion. >> it is now a regular segment. and to listen to these numbers. prior to being pulled out for kaepernick and eight quarters completed 32 of 35 passes, could for 385 yds, five touchdowns and one interception. you can roll that he was the third highest rated quarterback in the leak. he was even ahead of tom brady. these are incredible numbers, 32-31 and what this says is that kaep
was pumping additional revenue into the economy. california is taking a gamble on power of all they're trying to bring the popular lottery to california. when the jackpot recently it nearly reached $600 million. tickets will start being sold in the month of april. and a former raiders' first-round pick is staying away from practice. following orders, we will be back. >> good evening, everybody it was time for alex smith. his feelings are officially being a backup. >> it so,,sucks i...
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Nov 30, 2012
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> boy, you can add another victory for the democrats and the house of representatives. north carolina's seventh district has conceded to incumbent democratic congressman mcintyre. they are already strategizing how they can take over the next net 17. it must be very hard for the party controlling the white house to win either body over in that midterm election. we'll be right back. the giants e a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the head. [ male announcer ] campbell's chunky soup. it fills you up right. >>> welcome back to "hardball." it appears republicans have learned few, if any, lessons from the election they just had. and as we said last night, a party that lost overwhelmingly among women, latinos, and african-americans will h
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> boy, you can add another victory for the democrats and the house of representatives. north carolina's seventh district has conceded to incumbent democratic congressman mcintyre. they are already strategizing how they can take over the next net 17. it must be very hard for the party controlling the white house...
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Nov 30, 2012
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the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at a presidential defeat, but they still have the majority in the house, leader for senate up for re-election. as mitch mcconnell told "the wall street journal" today h, he wants to see the president put specifics on the table. he wants to see the president make those democrats mad and say i will raise the medicare eligibility age, i will means test medicare for more affluent americans. democrats are okay with that some of them anyway. he wants to show specific entitlement cut cards and then get revenues from the republicans, but both leader mcconnell and speaker boehner right now, joe, you know t
the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at...